Mitsubishi Motors Corp on Thursday launched its new manufacturing plant in the Philippine province of Laguna, south of Manila, which the company says is capable of producing 50,000 cars per year. The inauguration of the new facility in the city of Sta Rosa, which replaces the company's previous plant in neighbouring Rizal province, was spearheaded by Hikosaburo Shibata, president of Mitsubishi Motors Philippines Corp , and Mitsubishi Motors chairman Osamu Masuko, with Philippine President Benigno Aquino as the guest of honour.